49,457 Shares in Lumentum Holdings Inc. $LITE Purchased by Portolan Capital Management LLC

Portolan Capital Management LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, Holdings Channel reports. The fund bought 49,457 shares of the technology company’s stock, valued at approximately $8,047,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LITE. Advisors Asset Management Inc. boosted its stake in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the last quarter. NewEdge Advisors LLC raised its stake in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its holdings in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Lumentum by 16.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,926 shares of the technology company’s stock valued at $1,419,000 after purchasing an additional 2,089 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Lumentum during the 2nd quarter worth $292,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

Lumentum stock opened at $622.50 on Friday. The firm has a 50 day simple moving average of $510.02 and a 200-day simple moving average of $328.98. The stock has a market cap of $44.45 billion, a price-to-earnings ratio of 190.95 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $783.80.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LITE. UBS Group upped their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. TD Cowen assumed coverage on shares of Lumentum in a research note on Thursday. They set a “hold” rating and a $675.00 price objective for the company. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Mizuho upped their price target on Lumentum to $645.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: NVIDIA strategic deal and US$2.0B investment underpin a major growth runway for Lumentum’s AI optics business — supports revenue visibility, R&D and a new U.S. fab. Why Lumentum (LITE) Is Down 5.3% After NVIDIA’s US$2 Billion AI Optics Investment Deal
• Positive Sentiment: CEO Michael Hurlston said Lumentum is “sold out really until the end of 2027,” signaling a heavy, multi-year backlog and strong demand for optical components. Lumentum CEO: sold out through end of 2027, no end in sight
• Positive Sentiment: Analyst optimism: Barclays raised its price target (to $750) after the NVIDIA news and earnings beat, reflecting higher modeled upside for AI optics exposure. Lumentum Holdings (LITE) Sees Strong Analyst Optimism Following Earnings & NVIDIA Deal
• Positive Sentiment: Multiple buy/recommendation write-ups and analyst coverage upgrades/new coverage are spotlighting Lumentum as a core AI-optics play. Lumentum Holdings (LITE): New Buy Recommendation for This Technology Giant
• Positive Sentiment: Inclusion in the S&P 500 (effective March 23) creates a date-certain, index-driven buyer base that should increase demand from passive funds. Lumentum Joins the S&P 500 Soon: Buy the Dip Before the Index Funds Have To?
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $675 price target (modest upside vs. recent levels) — a balanced view that may temper short-term upside expectations. TD Cowen initiates coverage of Lumentum Holdings (LITE) with hold recommendation
• Negative Sentiment: Short-term selloff/volatility after the NVIDIA announcement likely reflects investor concerns about the convertible preferred structure, potential dilution and profit-taking after a strong rally. A Look At Lumentum Holdings (LITE) Valuation After Nvidia Investment And S&P 500 Inclusion

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.